Lot 41

LEASEHOLD FLAT FOR INVESTMENT

39 Park House Flats, Bridge Road, St Austell, Cornwall, PL25 5HD
39 Park House Flats, Bridge Road, St Austell, Cornwall, PL25 5HD
Sold Prior

Currently let at £6,900 per annum

A well proportioned two bedroom flat situated in a purpose built block close to St Austell town centre with its range of shopping and amenities. The block is serviced by a lift facility, has a resident laundry room and is considered suitable for continued use as an investment.

Ground and First Floors

Separate communal entrances at ground and first floor level each with a respective intercom system. There is a store for the flat at first floor level.

Seventh Floor

Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.

Outside

Designated visitor parking and resident parking which is available by separate rental agreement.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a rental of £575 per calendar month. The current tenant has been in occupation for approximately twelve years with no history of rent arrears.

Tenure

Remainder of a 125 year lease from 29th January 2001 at a current ground rent of £10 per annum.

Auctioneer's Note 1

A floor plan with dimensions has been produced by the seller and is available from the auctioneers by request.

Auctioneer's Note 2

The Auctioneers have been advised by the seller that there is no external cladding on the block.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/